I see bitcoin dropping to around 2k and possibly lower, saw a good setup so I thought I would share with you guys. This is in a bull trap right now and needs to test support it also has a very good risk to reward for shorting. If you own bitcoin it might be smart to take some profits and cash into something else (altcoins - fiat ) . another good buy opportunity will arise 5.04% at some point here soon but for now we didn't have enough upward momentum to make the bullish move to 5k. I will keep you guys updates! let me know if you have any questions in the comments below. Thank you!
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https://www.coinigy.com/s/i/595012fff094a/ Here is my analysis of BTC as far as the whole move is concerned.
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Headed the right direction so far.
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Made my stop loss at break even
Twitter
https://twitter.com/HighAltitudeInv
Youtube channel with lessons on trading
https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww
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highaltitudeinvesting@gmail.com
BTC : 3QccfbwpF9rpm8aofADDWdtshDrXnGwZ
https://twitter.com/HighAltitudeInv
Youtube channel with lessons on trading
https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww
https://soundcloud.com/dalinanderson
highaltitudeinvesting@gmail.com
BTC : 3QccfbwpF9rpm8aofADDWdtshDrXnGwZ
Fiat is king, if bitcoin dies then that means the blockchain technology has failed
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@Ravness, I think scared BIG Bank just make some media storm, nothing more... cozz BTC price not 3000, but 2500-2700 come back in max month
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@shadowforworld, I blame segwit2x, but yeah in my chart it went double top so I was optimistic it wasn't gonna break down under 2400 but it did
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@Ravness, yes yes... this one "problem" with 2MB block in media blow-up to armageddon scale))
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any reasons to this move down do you think it is due to the bill that they want to push forward in US congress to make bitcoin illegal??
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